Audit in CIS Environment

Quiz
1-4.) Four basic revenue cycle activities
5-8.) Four general threats in revenue cycle
9-12.) Four steps to sales order entry
13-17.) Threats of sales order entry and
corresponding
controls
18-19.)
Two main parts of the shipping process
20.)
It Identifies which products, and the quantity
of each product, to remove from inventory
and ship. In which revenue cycle activity is
this prepared?
21-22.) What two documents are sent to the carrier
with the goods, one which identifies the
goods and quantity of such goods packed and
the other which sets responsibility over goods
to be shipped. How many copies of these
documents are made? To whom are these
copies given?
23-25.)
Threats and controls of shipping
process
26.)
What are included in shipping errors?
27.)
This is created in the billing department using
the packing slip, billing department and the
sales order. What are updated based on these
documents?
28.)
This contains the list of various customer
payments which serves as basis for updating
subsidiary ledger for such payment.
29-30.)
Two methods of billing customers.
31-34.)
Threats and controls to billing
35-36. ) Threats to cash collections

37-40.)
Four basic expenditure cycle activities.
41-44)
Four general threats in expenditure
cycle
45-47) Specific threats in expenditure cycle
48.)
This document is prepared by the department
when inventory falls below reorder point and
inventory must is requested
49.)
This document is prepared by the appropriate
department noting the vendor where the
inventory being requested is to be bought,
the date
when the item must be received, the items
needed
and the quantity.
50.)
This document is addressed and designed to
inform
the seller of the order
51-57.)
Threats and controls to ordering
58.)
This is prepared by the receiving clerk after
comparing packing slips, inspecting and
counting
goods received.
59-62.)
Threats and controls in receiving
63-64.)
Invoice must match with which two
documents
before it is approved match with which two
documents before it is approved?
65-66.)
Threats and controls in approving
supplier invoices
67-71.)
Threats and controls in cash
disbursements

Audit in CIS Environment

Quiz
1-4.) Four basic revenue cycle activities
5-8.) Four general threats in revenue cycle
9-12.) Four steps to sales order entry
13-17.) Threats of sales order entry and
corresponding
controls
18-19.)
Two main parts of the shipping process
20.)
It Identifies which products, and the quantity
of each product, to remove from inventory
and ship. In which revenue cycle activity is
this prepared?
21-22.) What two documents are sent to the carrier
with the goods, one which identifies the
goods and quantity of such goods packed and
the other which sets responsibility over goods
to be shipped. How many copies of these
documents are made? To whom are these
copies given?
23-25.)
Threats and controls of shipping
process
26.)
What are included in shipping errors?

27.)

This is created in the billing department using

the packing slip, billing department and the
sales order. What are updated based on these
documents?
28.)
This contains the list of various customer
payments which serves as basis for updating
subsidiary ledger for such payment.
29-30.)
Two methods of billing customers.
31-34.)
Threats and controls to billing
35-36. ) Threats to cash collections
37-40.)
Four basic expenditure cycle activities.
41-44)
Four general threats in expenditure
cycle
45-47) Specific threats in expenditure cycle
48.)
This document is prepared by the department
when inventory falls below reorder point and
inventory must is requested
49.)
This document is prepared by the appropriate
department noting the vendor where the
inventory being requested is to be bought,
the date

when the item must be received, the items

needed
and the quantity.
50.)
This document is addressed and designed to
inform
the seller of the order
51-57.)
Threats and controls to ordering
58.)
This is prepared by the receiving clerk after
comparing packing slips, inspecting and
counting

goods received.
59-62.)
Threats and controls in receiving
63-64.)
Invoice must match with which two
documents
before it is approved match with which two
documents before it is approved?
65-66.)
Threats and controls in approving
supplier invoices
67-71.)
Threats and controls in cash
disbursements